http://www.zerohedge.com/news/2012-1...ight-most-2008
It's still heading down, even during xmas season and Year To Date is down 54%. Could be an anomoly but doesn't look good.
Baltic Dry Index crash appears underway just like in 2008
http://www.zerohedge.com/news/2012-1...ight-most-2008
It's still heading down, even during xmas season and Year To Date is down 54%. Could be an anomoly but doesn't look good.
"Let it not be said that we did nothing." - Ron Paul
"Always give your best, never get discouraged, never be petty; always remember, others may hate you, but those who hate you don't win unless you hate them, and then you destroy yourself. " - Nixon
Why most RPF members are against the US involvement with Israel explained by Mini-Me:
http://www.ronpaulforums.com/showthread.php?t=218093
No anti-semitism, just logic.
Visiting the Outer Banks of NC?
Outer Banks Fishing Boat Rentals
Damn... Under 800 today. I didn't think it could crash again from where it is.
Last edited by presence; 12-17-2012 at 08:06 AM.
It does not require a majority to prevail,
but rather an irate, tireless minority keen
to set brush fires in peoples minds
Revolution is Action upon Revelation
Got crypto? 64% Bitcoin gain in the past 48 hours since 4/17/13. 26% in the last 6 hours alone.
I am not sure how this could be an anomly .Originally Posted by devil21
The shipping fleet is way too big and it keeps growing. Rates are in the toilet and will be for a very long time.
http://gcaptain.com/global-shipbuilding-outlook-global/
This is globalism collapsing. People, we need to be creating local production lines and doing so NOW.
Hey globalist bankers/politicians, get this through your head - you've lost. You were destined to lose. Now FUCK OFF.
"Like an army falling, one by one by one" - Linkin Park
Yup. And this is one of the silver linings: manufacturing will return to the USA. But the ramp up is going to be a time of pain. Just as an example, I don't think we produce much, if any, textiles. If (when?) textile imports collapse, we are going to be going naked for a few years until we get back up to speed. Textile factories don't go from zero to full speed overnight.
The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.
"Who would be free, themselves must strike the blow." - Byron
"Who overcomes by force, hath overcome but half his foe." - Milton
Bloomberg's charts of the index show that there have been some hard downward swings in periods since 2008, which did rebound back upwards. So it could just be another cyclical event like before but what got my attention is the large daily drop as reported by ZH and the fact that this downswing is occuring during the xmas season, typically a high shipping volume period. Just something to watch.
"Let it not be said that we did nothing." - Ron Paul
"Always give your best, never get discouraged, never be petty; always remember, others may hate you, but those who hate you don't win unless you hate them, and then you destroy yourself. " - Nixon
Why most RPF members are against the US involvement with Israel explained by Mini-Me:
http://www.ronpaulforums.com/showthread.php?t=218093
No anti-semitism, just logic.
Visiting the Outer Banks of NC?
Outer Banks Fishing Boat Rentals
More like there's just way too much supply:
Here's part of the problem:
http://www.nytimes.com/2012/01/26/bu...pagewanted=allA large tanker that sold for $137 million in early 2008, the Samho Dream, was repossessed by bankers late last year and sold last week in Hong Kong for just $28.3 million.
Companies can get away with much lower rates because they're acquiring vessels for pennies on the dollar.
The Baltic Dry Index is one of the few, if only, index that can't be manipulated...and it says, loud and clear, in spite all this bullshit about "green shoots," that the global economy is in the toilet...
Posting Permissions
Reply With Quote